AGS Finance: 79,100 USDC Raised, Updated Emissions & Tokenomics
Firstly, the thank everyone who participated in AGS Finance IDO, thanks to you guys, we were able to raise 79,100 USDC, for us to add liquidity to the $AGS token and also further the development of the project!🙏❤️
We have more amazing developments on the way, as we strive to establish ourselves as the #1 DeFi ecosystem on Astar Network.
IDO Funds Usage
65,000 USDC / 1,083,333 $AGS
16,250 USDC / 812,500 AGS
350,000 ASTR / 270,833.333 AGS
Audit & Developments
These funds will be used by the team for audits and also for developing new dApps such as our upcoming NFT Marketplace
We have decided to improve and update our emissions schedule to provide a sustainable but attractive APR. This updated emission schedule would also protect investors who participated in the AGS Finance IDO, by preventing huge dumps from non native farmers.
Updated Emission Schedule
AGS Per Block:
50 $AGS →12.5 $AGS
3.5 Years →13 Years
110X → 120X
55X → 50X
Native Rewards Vs Non-Native Rewards
80% of the $AGS rewards goes to native farmers ( $AGS pools / $AGS related LP farms). 20% of $AGS rewards goes to non-native farmers ( LP farms not related to AGS ).
After completing our IDO on AGS Finance, we decided to revise the tokenomics of the $AGS token! We believe that this revision will help us provide high and consistent APRs for all farmers on AGS Finance.
Circulating Supply ( Before Farming )
~ 2,400,000 $AGS
~ 12.5 $AGS Per Block
~ 2,700,000 $AGS Per Month
~ 32,850,000 $AGS Per Year